BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Khorfand Capitat
used and Fully Paid-y
Beverve Funda
*****$50,000,000
Marling women. £ 8,500,000
MT4 3400 - 2848300
HEAD OFFICE: BONGKONG.
BOARD OF DIRECTORS.
Boo, Me, 0..0. B. Mankis
*Lion Mr. M. II, 25μmuži,
พ.ท. Ball, KR
Deputy Chirona.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
000,000 Incorporated, by Royal Charter, 1858.
HEAD OFFICE::LONDON
$19,000,000
Reserve Liability of Propriators$90,000,000
Paid-up Capital
Reserve Fund
£3,000,000) £8,000,000
Reserve Liability of Pro-
prietors
.£3,000,000
Agencies and Wranches:
Alor Star
Idolla
Bangoon
Amritar
Ipok
Balgon
Bangkok
Berasal
Barang
(. Minkin, Sag.
Belavia
Klabg
Barbati
A. 11. Compion, kaq,
R. B. Morrison, Leg.
Bombay
Kobe
W. Lavior, Esq.
7. B. Fomic, Log.
Caloutin
Kuala
Shanghal Slagspore
Usaton
Kaching
Doba
Colombe
Madea
Halphons
New York
Hazaburg
Pelping
*. G. Knight, Esq. "
AMOY
- JANDRO X
BATAVIA
BOMBAY
GALOUTTA DANTON CHEVOO 0OLOMBO BALKEN WOOCHOW HAIPHONG
HAMBURG
MANKOW
HARRIN
MONIKEW
HOILG
POK
JOHN
ROBK
ZOWLOON
Y, M. desplura, hog
Chial Mapagne.
BRANCUNG
LANDUN
LYONS MALACCA
MANILA
VUAB (Johore)
JUKDEN
NEW YORK
PENANG
PELPIND
BANGOUN
BA1BON
BAN FRANOIB00
BUALA LUMPUR
BUANGHAI
KINDAPORN
BUNGE! PATANI
TIENTSIN
BURADAYA
TOKYO
TSINGTAO
YOKOHAMA
Dures) Accountè opens in Local Barretor
sad Pized Deposite resited for any rest Or shorter periods in Local Dosapany and Berling on bezza; which will be quoted on explication.
Eng. 18 April 1994.
Long Long
(Faking)
TIDARK
.
Hoursbers Taiping Tantala
Tocakak
- (Ebular}
Tangio
Yokokape Zamboang
Forsigs Inchange sai lieneral Banking busine traced.
Current Accounts paned and Fixed: Deposite Tired for a year or shorter periode al rules which will be quoted on application.
ABREARLEY.
Manager. Hong Kong, 1st. January, 1935.
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries. 'Deposit them in a Vault
that is really: '
·FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
HONG KONG SAVINGS BANK. located on the Messanine Floor of
The Basisme of the shore Bank la soluci 1 by the HONG ZONG AND SHANGHAY AMING CORPORATION.
praised on application.
BANKING CORPORATION.
bkay be
V.M. OBAYBURN,
Chief, Manager. ·
How Long. th Wahreusty, 1984,
Our New building is Specially Con- stracted to provide all of these - Įportant Qualities.
tul.
THE CHINA MAIL FRIDAY, JANUARY 4, 1935
Commerce
LOCAL DOLLAR STEADY
Silver Prices Firm
The "local dollar is steady, opening on demand this morning at 1/8/
Spot and forward silver prices remained steady, being quoted ́·at| 24% and 24%, respectively.
The London on New York cross- rates was quoted at £-U.S.$4.92% as compared with -U.S.$4.933%. -
The New York on London rate was quoted at £-U.S.$4.92%-
LONDON FORECAST
Not much is expected to be done on Wall Street apart from a few bright spots in Industrials, pénd- ing the opening of Congress and President Roosevelt's speech.
Wheat is expected to be feature- leas with interest very much re- duced. Some quarters fear fur- ther regulations, of Grain Ex- changes. However, fundamentals of the market are sound enough.
Rubber should be a shade" bet- ter.
Cutton is expected to be irregu- lar with the Government as the
You may obtain a Safe Deposit biggest sellers and Bombay as the HOS THE HONG KONG AND UMROHA Box in this most up-to-date Vault for biggest buyers.
your own use at a very moderate Ba-probable that the market would It is considered
Inspection Cordially Invited. move upward if it were not res
·THE NATIONAL COMMERCIAL trained by Government selling.
& SAVINGS BANK, LTD. Cerner of Ice House Street and Des Voeux Road, Central
THE BANK OF EAST ASIA, LTD.
-810,608,869.50 Kaikerised Caglia
$,698,800,00 Ieva_and_Undivided. Prodis commun. 37,684, 900.00
HEAD OFFICE:-RONG KONG 1, De Vaux End Central,
BOARD OF DIRECTORS -
Bir Shou-de. Chen, Chairma
La Con Chan,
1. L. Kxoà, Ž×4, Wong
Yus Tang. Eng., Chris Chlor Bek, og 4 Tan
Bang, Esq. Wong Cha B. Eng, and Kan Yisg
Sady
-Toba
Calcula
Balo
lại phong
Benolulu
Kawbon
London
Kao Toog Po, Esq. Olla! Musge.
El Tan Yong. Haq, Manager.
BBANCHES AND LOENCIES'
Kanila Melbouros Nagmaak! New York
Donke
Facia
Peiping
Fedang
Bangosa
Salzon
Beattie Bac Kasaghal Ringapor bourbaya
byder
Tallisku
•
Tienieta
Tokyo
Yokoha
Ben France · VannoRTIE 2
Bipon at Banlong - and. Esahangi itness transasted. Bow graced on 'approved
Quest Accounts speed in Lost Garroso Find Daposh refied for pos THE aberta pariode in Love and Forage Currencie
farma which will be quoted on sgpilation. Mala Deposit Joxes To Let.
LAN TONG PO,
Hoog Mong. 141 March, 1904.
Chist Manager.
THE BANK OF TAIWAN, LTD.
Head Offes-Taikoku, FormoGA, Incorporated in Japan by Spacial Imperial Charter, 1899.
THE BANK OF CANTON, LTD.
Established 1912," Head Office:-Hong Kong,
Authorised Capital
Paid-up Capital
Total Resourcon
KUT BARRAGE CONTRACT
London Firm Selected
London, To-day,
A contract valued at £169,720, for $11,000,000
8,650,000 two swing bridges with lock and 82,170,402 sluice gates, for £1,000,000 Kut Branchen: Canton, Tolshan, Shanghal, Barrage on the River Tigris has been Hankow, Bangkok & San Francisco, Londen Bankers: Lloyds Bank, Ltd
Foreign Exchange and Banking business of every discription than
acted.
secured by Messra. Ramsomes and Rapier, of London and Norwich. who recently secured a contract for lock and sluice gates for the Assint Current Accounts opened and Fixed Dan-British Wireless Service.. Deposits received for
que your ·OF} shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various miswa) for hire.
LOOK POONG LAX,
THR
Ohler Moonger. »)"}
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. II. B. Joseph & Co. have AMERICAN EXPRESS COMPANY, received the following Straits Cur-
-
INC.
Head Office:-65, Broadway, New York
Capital Surplus
Reserves
BRANCHES
Anistra Astires Athana Днова Beathe
Br
Berlin Bombay
Bramala
Central Bank of Formosa, Notas
Issued Average amount Y.45,000,000
Branches and Agencies. Japan-Kobo, Osaka, Tokyo, Yako hama, Eselung, Makong, Nanto, Shoka, Shinchiku, Talchu, Tainan, Taito, Takao, Tamani, Toen, Karenko. Kagi, Heito, Giran. China:-Amoy, Canton, Foochow, Han- Catre
kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Blugapore, Batavia, Semarang, Soerabaya, Dairen. On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 14% pa. on dally balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%).
Hong Kong Branch
GUDOR Glasgow
-0.8.$6,000,000.00
J.,
Hamburg HATIO Heidelberg fateriakan Jersalem London
Liverpool Lucerbe
Calotla
Cannes
Colombic Cop Deblio Faaborgh
Marseiller
Florence
Moula Carls Manila
Ganes
Munich
Mookwox
rency quotations (Buyers) from Singapore for Raw Rubber:"
Spot 214 Up 4 April-June 241⁄2 Up July-Sept. 25 % Up %
Market:-Firm Sellers
2,087,112,69 1,995,628,81 · }ved.
Milan Nios
Naples
Pirtie
Pripin
Palome
Rotardar
BOL
いよ
Sagapore
Termins
Venies Takakama Zurich
and
AMERICAN STOCK MARKET
NEW YORK STOCK EXCHANGE
Finance Cautious Optimism The S. E. Levy And Co. And
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local share quotations issued to-days |
Banks,
H.K. Bank $1620 b. H.K. Bank (London) £187%
Chartered Bank £16 n.
Mercantile Bank, A. & B. £82 D. Mercantile Bank C. $18. Bank of East Asia $90 h. Am: O. Finance Corp. Sh. $20 n.
General Note
TRADE IMPROVEMENT.
A.O.F.C. Quotations
The following quotations from New York have been received by Messrs. 8. E. Levy and the American Oriental
Last
10:10 close 4.94
Business prospects for 1935 areFinance Corporation. on the whole considered bright in the United States and optimism, N.Y./London tinged with caution, le the attitude NY Cotton-Mar 12.71 generally noticeable on the stock July
12,84 M. Silver Mar. 55,80 market,
regarding
May
55.80n
Speculation resident Roosevelt's Message to NY Silk May Congress is the dominating factor. [NY Rubber Mar 13.41
Meanwhile, the increase in the July
18.91 volume of trading recently noted 18 C. Wheat May.. 381
July reflected in the rise in Government o. Corn May... 88% bonds.
W. Wheat May 82% AR STOCKS:-
92%
11.00
NEW ADVERTISEMENTS
CONSIGNEES' NOTICE.
THE BEN LINE STEAMERS,
BASS LIMITED.
From LEITH, MIDDLESBRO' ANTWERP, LONDON AND STRAITS.
12.69 12.08 4.034.92% The Steamship;
BENDORAN"
12.81. 12.70 Consignces of Cargo are hereby 54.90b 55.05 informed that all Goods are being 55.50 landed at their risk into the hazardous 141b and/or extra hazardous Godowns of The Hong Kong and Kowloon Whart & Godown Co., Ltd, whence and/or from the wharves delivery, may“ ba jobtained.
No claims will be admitted after the Goods have left the Godowns, and fall Goods, remaining undelivered after
China 0. Fin. Ord., Sh. $1.80 n.. SE. Levy And Company's Report Amer Smelting 38% 25% feet to rent.
China O. Fin., Fref Sh. $44 n.
Insurances.
Canton, Ins. $275 n." Union Ins $505 b., $515 a. China Underwritera $1% n. China Fire Ins. #520 n. H.K. Fire Ins. "$240 n. International Assce. Sh. $6 n. Shipping.
Douglases, 340 n. H.K. Steamboats, $71⁄4 n. Indo-Chinas (Prof.), $50 n. Indo-Chinas (Def.), $38 n. Shells (Bearer) 346/3 m. Union Waterboats, $18% n
Mining,
Antamoks 79 cts. b. 77/78
日期:
Balatoes $37 n.
Baguio Gold 40 cts."n.
Benguet Consolidated $14 n. Benguet Exploration 21 cts, 17. Benguet Goldfield, 20 cts. n. Big Wedge, 10 eta. n. Gold Creek 90 cts, b Gold Rivers $21 n Ipo Mining $1.n. Itogand 40 ats
Salacota, 10 cts. n. Kailan 19/**
Langkats (Single) Sh. $15 n
S'hai Exploration Sh. 35
"
In their market report, Messrs. Auburn
26
14234
13.53 13.50 13.94 18.99
984
92
88
83
38%
3824
2014
2014
9%
30%
97% 732 844 345
94% 949
34 30
284
20%
20%
43%
43%
3824
38%
London Prices
All claims against the steamer.must be presented to the Undersigned on or before the 25th January, 1935, pr they will not be recognized.
To comply with the General Banded Warehouse Regulations consigneól must have a Revenue Officer in attend- ance when damaged dutiable gooda ara examined.
All broken chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 10th January, 1935, at 10 am, by Messra, Goddard and Douglas.
S. E. Levy and Company, corres-Con Gas NY... 201 pondenta for Messrs. White. Weld Du Pont .... 97
Elec Band & Sh. 74% and Company, New York state:
Gen. Motors ....34% "Stocks: The increase in the Int Tel & Tel volume of trading noted yesterday Loew's Inc,.... 34% is still evident with a consequent Mont, Ward 30% strength in the market. President Nat Distillers 28% NY Central..... 20% Roosevelt's message to Congress Standard Oil NJ 434 to-day is eagerly anticipated, though US Steel the leanings of Congress towards inflation were still more apparent at the opening yesterday." In the meanwhile, metal, inventory and indon were received in our
The following quotations from Lon dustrial favourites are still likely to night between 5.30 p.m. and 10.30 p.m.
office last! attract major trading interests. SILVER: ets, Business done:-1,070,000 shares,
Silver: Spot 24% (last close), 245 "Bonds: U. S. Government bonds (last recd.), unchanged. were mixed, while the general mar-recd.), mchanged.
Forward 24% last close), 24% (Inst ket was better.
Silver Report: India bought. Speen "Graina: Country offerings were latora bought and sold. Market steady, very small.
Mill interest is im(last recd.), 8d. up' (change),
Gold: 140/10% (last close) 141/64 proving on needs for feeding pur poses due to the, cold weather.close), 4.92% (last recd.), 1% down There was heavy accumulation on (change). setbacks. Wheat: Total sales-- London/Parts Selling Rate: 74.53 near Sheungshui Railway Station
S'hal Losna, Sh86 n. Raubs $10.70 n. Venz; Goldfield $5 ..
Docks, etc. H.K. Wharves $1114 b., $11234
..
H.K. Docks, $12% n. Providenta (old) $1.40 m. Providente (new), 50 ct. n. Hongkens, Sh, $309 m. * New Engineerings, Sh. $5 0. S'hat Docks She$120 n.
# Cotton Mills. Ewol Cottons Bh: $9/u. S'hai Cotton (old) $74 n. S'hal Cottons (new) $44% n. Zoông Sings, Sh. $9.40 n. Wing On Textiles, Sh. $55 . Bad Lands, Hotels: etc.
H.K. and S. Hotels $5.30 n. H.K. Lands $56 n-
**
London/N.Y, Selling Rate: 4.94 (last
(change).
11,217,000 bushels, Corn: Total at close), 74.15 (last recd.), 38 downl sales:-8,017,000 bushels.
Liverpool Cotton-May 6.88 (last "Cotton: While small Government close), 6.87 (last recd.), .01 down selling is still checking advances, (change). the increasing needs of American close), 6/1% (last red.), down Liverpool Wheat May: 5/1 (last
staple Industries are promising bet-(chunge).
ter prices. Insufficient moisture, London Rubber-April-June (buyers) after last year's drought, is begin-6-9/16 (last close), 6% (last recd.). ning to cause apprehension..
(Continued on Page 10)
SHANGHAI STOCK MARKET
Chinese Government Bonds Improve
A.O.F.C. COMMENT
1/16 up (change).?
London Rubber-April-June (sellers) 6% (last close), 6% (last reod.), up (change).
London Rubber at noon (buyers) 64 (last recd.)
London's Forecast
A forecast from London on the pro bable trend of the New York market states:-
Not much is expected to be donelip Wall Street, apart from a few brib spots in Industrials, pending the open- ing of Congress and President Roose velt's speech.
Wheat is expected to be featureless with interest very much reduced. Some Shanghai, December 29. There was little interest display-grain exchanges. However, fundamens quarters fear further regulations of ed in the Shanghai Stock Market tals of the market are sound enough. on Tuesday owing to the fact that
Rubber should be a shade better H.K. Lands 4% Debentures 100% December Settlement:"Accounts;
b.
Shanghai Lands Sh. $24 n. Metropolitan Landa Sh. $12.20 ReserHumphreys $9 m
LONDON COUNTY COUNCIL TO SAVE $68,000
special
London, To-day-At a meeting which lasted only seven minutes, The London County Council yesterday agreed to the
issue of £10,000,000 of stock at 2% per cent. to replace the £10,- 000,000 of 8% per cent. stock, which it is estimated, will save the Council £68,000 a year during the next 35 years-British Wire
Branches of American Express Com-leas Service. pany in Principal cities of United Btates of America and Canada. *Y. OHNO,"
Manager.
All classes of Commercial Banking Fransactions undertaken.
3. Des Voeux Road, Central,
Personal investment accounts
THE YOKOHAMA SPECIE BANK bandled.
LIMITED.
Established 1880
Japital (fully paid-up) Yen.100,000,000 Reserve Fund aw:40. Yen.124,250,000
Head Office: YOKOHAMA
Branches and „Agencies ats -Alexandria, Batavia
· Berlin "
Bombar
Calcatta
Barton-
Dairen (Bainy)
„Nagasaki--
Nagoya New York Osakiv Faria
Pelping Rangoon Fengtien (Mukden). Elo de Janeiro
San Frandaco
Hamburg
Bankow
Harbin W
Hong Kong
Honolulu
Hainking Karachi
rang
Mentala
THE CHINA & SOUTH SEA BANK ∙AMITED
(Incorporated in China). Head Office.Shanghaf Capital. 27,600,000.00 Reserve Branches
..$1,500,000.00
All Important Gitfes Foreign Exchange and General
da China I AM Banking Business transacted
The Company offers to intending Travellers the use of its Tavolocu Jardinca 20 Cheques and Letters of Credit and. addition, the world-wide services Mite thoroughly equipped Travel De-
Current and Saving Accounts opened and Fixed Deposits received for one year or shorer periods at rates, which E. W. DUGGAN, will be quoted on application
Manager
BOU, Z. CHANG,
THE WING ON BANK LTD. HONG KONG
Authorised Capital $10,000,000
Foreign Exchange and Bankin Business of every description transact Current Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one or shorter period at rates which will be quoted on application.
Safe Deposit Boxes (various)
HOOK CHIN
Markger.
HONG KONG BRANCH 24, Des Voeux: Road, Central. Manager's Office Sp
38585
Foreign Exchange General Office Pudo Cashler's Office
Dept.
THE SHANGHAI COMMER
&SAVINGS BANK LIM
H.K. Realties 86.40 b. Asia Realties "A"; Sh. $100 mi Asia Realtles "B" Sh.320 n. Chinese Estates $88 m. Chins Realties, Sh $124 ¤. China Debentures Sh. $123 n/ Public Utilities
D
were practically arranged.
No Fire Insurance has been effected. Bill of Lading will be countersign- Jed by,
GIBB, LIVINGSTON & CO, LTD.
Agents. Hong Kong, 4th January, 1995.
NEW TERRITORIES AGRICULTURAL SHOW 5th and 6th January, 1935
SHEK WU HUI
to be opened
at 2.30 p.m. SATURDAY,
5th. January
by
The Hon. Dr. R. H. Kotewall. CM.G, LL.D.
N. T. Produce,
Poultry, Fruit, Vegetables,. Novelties and Chinese Theatrical performances
Teas, Luncheons and Refreshments by the Alexandra Cafe at reasonable prices,
// Admission-10 cents.
Is It Insured? ?
Insurance - All Classes
LOWEST RATESSE
American Asiatic Underwriters
Fid. In USA
General Agents *t.
The Band
Shanghal
Asia Life Buliding Tel 30234
Cotton is expected, to be Irregular with the Government as the biggest seller and Bombay, the biggest buyer On the next day debentures con- It is considered probable that the mar ntinued to be on the easy side, lead ket would move upward if it is not
Telephone 6 per cetn. and S. M. C, restrained by Government selling. 15 per cent. 1934, the former chang- ing handa at 99%. On Thursday little attention was given to new business, due to settlement day. The only business of interest re London, to-day. The Dominions, The coal producing districts secur corded on Friday was Shanghai Secretary, Mr. J. H. Thomas, has ing the main benefit are those which Power 5% per cent. Debentures authorised the following state are benefiting least from the Scan- done at 92 and preference shares ment:-As a result of the discus- dinavian trade agreements; namely of the same Company at 185.50. The sions during the past few weeks an South Wales, Nort Wales, Lan Market remained lifeless on the informal understanding has been cashire, Cumberland; and the West. following day; a few lots of de-reached on the subject of exports of coast of Scotland. bentures changed hands at slightly coal from the United Kingdom to Whilst the regulation of cattle esaler rates.
Fluctuating over a wide margin, from the Irish Free State to the is being continued on existing the Irish Free State, and of cattle Imports from the Irish Free State the Chinese Government Bond Market closed for the week, sub-
United Kingdom.
lines, provision is being made for stantially higher, despite the gen-all the Irish Free States coal im Kingdom during 1985 to be, in the It is anticipated that in future cattle admitted into the United eral nervousness and a popular anticipation of lower prices, due to United Kingdom. This will mean 62 2/3 per cent. of the 1988 quanti ports will be purchased in the case of fat cattle at the rate of $11-the alarmingly high native interest
rate.
Jan increase in coal exports from ties, and in the case of other re the United Kingdom of ap-gulated classes of cattle the figure While the mounting interest proximately 1 million tons per is approximating to the average, for should and in fact did send the ployment of about 5,000 miners. Wireless Service.
year, representing in full the em- the years 1930 to 1932 British
financial circles prevented a panic market slumping, the clever mani- pulation of large holders among and succeeded in
inmaintaining prices on a sane level. This was accomplished by their gradua) and well-controlled selling, which was stopped as soon as prices went too low. The short positions taken by sundry operators, instead of pre- cipitating a decline, actually as- sisted in boosting the bonds, as they evidently committed them selves rather heavily and had to Beek-cover, as settlement approach ed. The plight was increased by the variou rumours lying around, and their last-min buying na Itarally brought abo
Anglo-Irish Trade Pact
H.K. Tramways $20/80 58. Peak Trame (old) $12 n. Peak Trama (new), 37 n. Star Ferries $100 n. gr. Yaurati Ferries 322 b. C. Light (old) $10.85 b. C. Light (new) $10.65 b. H.K. Electrica 973 n. Macao Electrics, $25 m, Sandakan Lights $8. n. Telephone (old) 325% b.. $25 - aa. $26.10 a.
Telephone (new) $11.15 b.,
20 BE. China Buser, Sh. $12.40 m. Singapore Tractions 4/6 b. Singapore Pref. 817/9 n.
Industrials
Cald Macg (Ord.), Sh. $20. Malabon Sugars, $8.70 m.
Canton Ices $2.85 n. Cald: Maeg (Prof.) Sh 19% Cements $24 88. H.K. Ropes 4.10 s He Stores, etc. Dairy Farms $24 b. Watsons $5. Lane, Crawfords 33.75. n. Mackintosha, $21 n Sinceres $8 ná Wm. Powells, 70 cts. n. Wing On (E.K.) $105.
Miscellaneous.
H.K., Amusements 81.85 n. Entertainments; >571⁄2 =n; Enterprises 31.85 5 Mac reyhounds,2 $2 D
Constru
65 cta. b.
Panic Prevented
LONDON
G&Bds 92%
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS.
SECURITIES AND COMMODITIES/ BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
Members:
ORE COTTON EXCHANGE:
CANADIAN COMMODITY
ANGELINO
GORR
WE
FOLK
SHONG KONG,
80103